Osb Share Discussion Threads

[thebutler] 09/8/2023 11:04

Interims tomorrow. GLA.

[parob] 04/8/2023 11:13

Chart is pointing to a squeeze upwards in anticipation of interims.

[parob] 04/8/2023 08:53

Cheers thebutler.Must admit I'm tempted to add a few more as all being well this will be back above 400p in no time and the divi yield is attractive if it doesn't get shelved of course!

[apple53] 04/8/2023 08:50

We can calculate how much they saved by hammering the share price - may claw back £40m+.
Still I'm amazed by how little effect it's had on the share price. A tricky balance between taking advantage of the low price and not driving it up tooooooo quickly. I wonder who makes the key decisions.

[thebutler] 04/8/2023 08:32

The number of shares bought back so far is approx 23 million. Without having to go back and work he average share price on a daily basis, I'm guessing the average buy price is £4 (they've bought approx 13 million after the trading statement which caused the crash) = £92 million bought so far, so my estimation is that there's still approx £60 million to go (give or take a couple of million).

[parob] 04/8/2023 07:52

Almost 800K more bought in the buyback.Anyone know roughly how much more they can buy? I know it was up to £150MThanks

[parob] 03/8/2023 18:32

Closing that obvious gap up to about 475p has to be the first target here.If they maintain the dividend at the upcoming interims we will be on our way imo.

[shakesmaster] 03/8/2023 17:59

They were loading up.. Hence they kept the lid on it. Friday trade, in the close, no one would notice it, only eagle eyes





spread 356.4-357

1153 360.0 1889999 O
1152 360.0 1889999 O

[in for a penny_in for a pound] 03/8/2023 15:30

Those 2 lots of 1,9m buys were not part of any purchase; it's IIS that smashed and kept it down for 4 weeks.

Would be nice if we close at 375p. Results in a week or so time.

[thebutler] 03/8/2023 15:28

OSB are buying back quite a lot of their shares daily, about 700k, which is really squeezing available stock. And still over £40 million worth of the buyback to go so look forward to a further tight squeeze.

[in for a penny_in for a pound] 03/8/2023 15:10

Did you guys see two lots of 1899999 buys last at 360p close?

This goes down 35% with 3m volume, two lots of 1.9m goes thru at 360p they kept under the radar. I think it was Thursday close

[parob] 03/8/2023 14:25

Very nice move

[check your facts] 03/8/2023 11:27

I suppose the interim result next week and the ex-div date will be given.

Even that dog NatWest is making money.

[check your facts] 03/8/2023 11:22

From snail speed to turtle speed?

[parob] 01/8/2023 12:14

Recovery speeding up.

[rcturner2] 31/7/2023 15:16

I think OSB will soon be back over 400p, but it might take a while to get back to where it was.

[lord gnome] 31/7/2023 13:38

A long way to go, but it's a start. We should have a good run up to interims and then we just have hope that there is nothing lurking in the closet. If all is well, the outlook is positive and perhaps we even get a dividend increase, then we should fully recover by the end of the year. Got to stay positive. Looks like I chose a good day to add, yesterday.

[parob] 31/7/2023 13:13

Think we are seeing the start of this move :)

[parob] 27/7/2023 08:57

Chart looks like we may see a sudden jump up soon. Nicely recovering from an oversold position and unwarranted drop imo.

[parob] 25/7/2023 08:35

Started buying here. Drop appears to be overdone and like the look of the chart.Fingers crossed for decent interims.

[lord gnome] 20/7/2023 19:54

If all is well with the interims and the divi is maintained, I will look to average down. Until then, it's a gamble.

[thebutler] 20/7/2023 12:48

The buy back certainly seems to be squeezing available stock, and still a long way to go re the buy back programme. Hopefully the interims will calm the nerves and get this back to over a fiver.

[dendria] 18/7/2023 10:49

Must feature very high on some takeover target lists.

[thebutler] 18/7/2023 10:18

1.3 million shares were traded yesterday, and almost 300k were purchased by OSB (via broker) on the LSE. So if we have a buy for every sell, the 1.3 million trades suggests approx 600k each for sells and buys equating to OSB buying half the total shares yesterday.

If my sums are correct (can't see why they're not, please correct me if so), consistently taking such a chunk out of the Market bodes well for future positive sentiment returning.

14 million shares bought back so far, so guessing an average price of £5 per share (probably lower than this now), equals approx £70 million so there's another £80 million to go, which benefits OSB buying at such a lowly share price

[760il] 14/7/2023 16:30

Gonna wait for 10 years or ever.